---
title: "5-09 48th Avenue #5-M, New York City, NY 11101"
description: "5-09 48th Avenue #5-M, New York City, NY 11101 — Long Island City, New York City, NY. Listing Price $2,058,000. In contract 4/2/2025. 3 bed, 2 bath, 1,594 sqft Illustrative Buyer Commission Share of $30,870 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-5m-ny-11101"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 5-09 48th Avenue #5-M, New York City, NY 11101

Long Island City, New York City, NY

Courtesy of Nest Seekers LLC

## At a Glance

- **Listing Price**: $2,058,000
- **Status**: In contract 4/2/2025
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 3
- **Baths**: 2
- **Sqft**: 1,594
- **Common Charges**: $1,851 / mo
- **Monthly Taxes**: $1,048 / mo
- **Price per Sqft**: $1,291
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $2,058,000
- **Illustrative Buyer Commission Share**: -$30,870*
- **Illustrative Net Cost**: $2,027,130

*Illustrative Buyer Savings of $30,870 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/881d57b7-23a8-4bb7-859a-222481a8828b.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/faa28e77-1f40-4ab1-909b-e4b42ca1e63a.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/599c72f3-cf41-4445-8480-db883a14103c.gif)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ae39b220-411f-40fb-810c-c844f2149b6f.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/90e67340-25c6-431e-8e4b-39b04aad7a23.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/19dfbcb6-77de-4916-942b-5e76537525a0.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3605f635-bb9c-45d1-8496-411e3559fd1e.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03356219-5bbe-419d-85de-7103fdf723c9.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b6a1cb48-16cb-47fc-876f-00ebceab51d5.jpg)
![5-09 48th Avenue #5-M, New York City, NY 11101 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1c674224-f663-4fee-9340-fa1f5aaacbd4.jpg)

## Property Overview

Welcome to Resident 5-M – One of the Largest Three-Bedrooms in LIC -
 A Sophisticated & Pristine 1,594sqft of Interior Living that Seamlessly Boasts a Modern Open & Airy Layout Designed with a Desirable One-of-a-Kind Rare Gem Split Three-Bedroom/Two-Bath Floor Plan
 The Moment you Enter this Beautiful Home You Will be Enveloped by your Open Living Space and Greeted with Natural Light Streaming in Through the Wall-to-Wall Windows that Accentuates the Open Kitchen, The Dining & Livingroom Layout Creates a Perfect Invitation for getting together with Family and Friends or Mastering your Daily Productivity that Centers your Mornings and Welcomes You Home at Night.
 Gourmet Kitchen is Equipped w/ High-end Stainless-Steel Appliances Including Liebherr Refrigerator, Upgraded Bosch Range & Microwave, Bosch Dishwasher, InSinkErator Garbage Disposal, Allmilmo Wood Cabinetry, Under-mount Lighting, Caesarstone Counter Tops & Glass Tile Backsplash Completes this Unique Kitchen.
 This Home Offers a Split Three Bedroom for Extra Privacy –
The Impressive & Grand Primary Bedroom Greets you with a Serene and Relaxing Vibe with Wall-to-Wall Windows and an  Abundant Amount of Natural Light that Sweeps You Into Your Own Private Oasis. Two Deep Walk-in Closets are Provided for Your Comfort & Convenience. The En-Suite Spa-Like Bath is adorned with Limestone Double Sink Vanity, Kohler Fixtures, Oversized Shower Stall & Porcelain Tile Flooring.
 Generously Sized Winged Second & Third Bedrooms are Situated on the Opposite Side of the Home, Both Bedrooms Offer Spacious Deep Closets as well as Wall-to-Wall Windows that Offer Natural Light Streaming.  To Complete this Lovely Home, the Bedrooms Have Access to a Private Second Full Bath Equipped with a Deep Soaking Tub and Porcelain Tiles.
 UNIQUE HOME FEATURES: New Updated P-TEC Units Throughout, Custom Window Treatments, Wall-to-Wall Windows in Every Room, Maple Hardwood Flooring Throughout, In-unit Bosch Washer/Dryer, InSinkErator Garbage Disposal, Ample Closet Storage.
 5th STREET LOFTS BUILDING AMENITIES: Complimentary 24-hour Concierge Service, Live-in Super, Elevators, Parking Garage Equipped with EV Charging Stations, Refrigerated Storage in Lobby, State-of-the-art Fitness Facilities, Children’s Play Room, Bike Storage, Landscaped Roof and Common Gardens, Pet Friendly.
 Long Island City Boasts Both Art & Artists with Famous Museums and Trendy Galleries to Michelin Star Restaurants and a Breathtaking Recently Transformed East River Waterfront Park.
 Convenient Transportation Available – 7, E, M, G Subway Lines, East River Front Ferry, Long Island Railroad (LIRR), Long Island Expressway (LIE), Ed Koch Queensboro Bridge, Brooklyn/Queens Expressway (BQE).
 CONTACT EXCLUSIVE LISTING AGENTS FOR A PRIVATE IN-PERSON TOUR.

## Property Details

- **Property Type**: Condominium
- **Beds**: 3
- **Baths**: 2
- **Rooms**: 5
- **Sqft**: 1,594 sqft
- **Stories**: 8
- **Year Built**: 2008
- **Price per Sqft**: $1,291
- **Common Charges**: $1,851 / Monthly
- **Monthly Taxes**: $1,048 / mo
- **Listed On**: Jul 30, 2024
- **Days on Market**: 768 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- Common Area
- In Unit
- Building Storage
- Building Courtyard
- Building Garden
- Building Roof Deck
- Dining Area
- Entrance Foyer
- Dryer
- Washer
- New Windows

## Sales Evidence

### Recent closed sales

19 apartments at 5-09 48th Avenue have recorded sales since September 2021, the most recent for $1,438,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [4Q](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-q-4Q-ny-11101) (Apartment) | 2 | 1,106 | $1,438,000 | $1,300/ft² | August 20, 2026 | MLS |
| 5Q (Apartment) | 2 | 1,102 | $1,410,000 | $1,279/ft² | February 9, 2026 | City record |
| 2G (Apartment) | — | 728 | $915,000 | $1,257/ft² | August 19, 2025 | City record |
| 3M (Apartment) | — | 1,563 | $1,830,000 | $1,171/ft² | July 3, 2025 | City record |
| 5M (Apartment) | 3 | 1,563 | $2,058,000 | $1,317/ft² | April 4, 2025 | City record |
| 4-J (Apartment) | Studio | 503 | $650,000 | $1,292/ft² | December 17, 2024 | City record · MLS |
| 3-R (Apartment) | 2 | 1,093 | $1,425,000 | $1,304/ft² | October 10, 2024 | City record · MLS |
| 8-G (Apartment) | Studio | 513 | $710,000 | $1,384/ft² | May 15, 2024 | City record · MLS |
| 4K (Apartment) | 2 | 1,216 | $1,595,000 | $1,312/ft² | March 29, 2024 | City record · MLS |
| 6P (Apartment) | 2 | 1,087 | $1,381,000 | $1,270/ft² | October 6, 2023 | City record · MLS |
| 5E (Apartment) | 1 | 706 | $930,000 | $1,317/ft² | August 14, 2023 | City record · MLS |
| 5J (Apartment) | Studio | 503 | $231,748 | $461/ft² | June 8, 2023 | City record |
| 5-R (Apartment) | 2 | 1,093 | $1,455,000 | $1,331/ft² | May 18, 2023 | City record · MLS |
| 5-G (Apartment) | 1 | 729 | $1,015,000 | $1,392/ft² | May 17, 2023 | City record · MLS |
| 2-P (Apartment) | 2 | 1,086 | $1,499,000 | $1,380/ft² | July 13, 2022 | City record · MLS |
| 4M (Apartment) | — | 1,563 | $1,900,000 | $1,216/ft² | June 15, 2022 | City record |
| 3G (Loft) | 1 | 729 | $929,000 | $1,274/ft² | May 17, 2022 | City record · MLS |
| 8J (Apartment) | 2 | 1,102 | $1,625,000 | $1,475/ft² | April 19, 2022 | City record · MLS |
| 4-R (Apartment) | 2 | 1,093 | $1,370,000 | $1,253/ft² | September 8, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable condo three-bedroom sales in Long Island City is $2,368,375, based on 18 sales between September 2024 and May 2026. This home is asking $2,058,000, $310,375 below that median. The middle half of those sales closed between $2,110,000 and $2,721,252.

- **Median closed price**: $2,368,375
- **Middle half**: $2,110,000 – $2,721,252
- **Based on**: 18 condo three-bedroom sales in Long Island City
- **Period**: September 2024 – May 2026
- **Median $/ft²**: $1,563/ft²

Across the 16 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 69% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Long Island City instead.

### How these sales were negotiated

- **Sold vs original ask**: 97.3% of the original ask
- **Closed below ask**: 69% of 16 sales
- **Listed → in contract**: 40 days (about 6 weeks)
- **In contract → closed**: 55 days (about 8 weeks)

Across the 16 of these sales with a published asking price, the median closed at 97.3% of what it originally asked. 69% of them closed below the original ask.

Half of these homes were in contract within 40 days (about 6 weeks) of coming to market, based on the 16 with a recorded listing date.

Once a deal was agreed, closing took a further 55 days (about 8 weeks), based on the 15 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 18 condo three-bedroom sales in Long Island City, September 2024 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 5-09 48th Avenue, 2017 to 2024. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,169/ft² | 11 |
| 2019 | $1,366/ft² | 6 |
| 2020 | $1,116/ft² | 3 (thin) |
| 2021 | $1,220/ft² | 5 |
| 2022 | $1,327/ft² | 4 (thin) |
| 2023 | $1,317/ft² | 5 |
| 2024 | $1,308/ft² | 4 (thin) |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 5-09 48th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)

## Price and Property History for 5-09 48th Avenue, Unit 5-M

Review the recorded listing activity for 5-09 48th Avenue, Unit 5-M, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $140,000, or 6.4%, on November 12, 2024
- **Originally listed**: July 30, 2024 at $2,298,000
- **Entered contract**: April 2, 2025
- **Last sold (recorded)**: $1,550,000 on August 1, 2014

| Date | Price | Listing event |
| --- | --- | --- |
| April 2, 2025 | $2,058,000 | Entered contract |
| November 12, 2024 | $2,058,000 | Asking price reduced by $140,000, or 6.4% |
| July 30, 2024 | $2,298,000 | Listed for sale by Nest Seekers LLC |
| August 1, 2014 | $1,550,000 | Sold — recorded sale price |
| April 30, 2014 | $1,550,000 | Listed for sale by R New York |

## Property Tax History

Taxes at 5-09 48th Avenue #5-M were $14,040 in 2026, up 7.3% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $124,785 | $14,089 | $110,696 | $112,318 | $14,040 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $119,387 | $14,089 | $105,298 | $104,694 | $13,087 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $114,992 | $14,089 | $100,903 | $100,633 | $12,579 | 12.5% |
| 2023 (FY 2023/24) | $108,039 | $14,089 | $93,950 | $97,122 | $9,989 | 12.502% |
| 2022 (FY 2022/23) | $94,394 | $14,089 | $80,305 | $94,394 | $7,487 | 12.267% |
| 2021 (FY 2021/22) | $86,661 | $14,089 | $72,572 | $86,661 | $5,049 | 12.235% |
| 2020 (FY 2020/21) | $99,087 | $14,089 | $84,998 | $91,583 | $3,327 | 12.267% |
| 2019 (FY 2019/20) | $97,435 | $14,089 | $83,346 | $85,271 | $1,372 | 12.473% |
| 2018 (FY 2018/19) | $95,887 | $14,089 | $81,798 | $78,753 | $1,388 | 12.612% |
| 2017 (FY 2017/18) | $88,879 | $14,089 | $74,790 | $72,544 | $1,399 | 12.719% |
| 2016 (FY 2016/17) | $76,635 | $14,089 | $62,546 | $70,328 | $1,418 | 12.892% |
| 2015 (FY 2015/16) | $67,556 | $14,089 | $53,467 | $72,189 | $1,417 | 12.883% |
| 2014 (FY 2014/15) | $64,831 | $14,089 | $50,742 | $74,766 | $1,414 | 12.855% |
| 2013 (FY 2013/14) | $64,831 | $14,089 | $50,742 | $81,667 | $1,446 | 13.145% |
| 2012 (FY 2012/13) | $77,781 | $16,575 | $61,206 | $93,786 | $1,450 | 13.181% |
| 2011 (FY 2011/12) | $85,929 | $16,575 | $69,354 | $105,281 | $1,478 | 13.433% |
| 2010 (FY 2010/11) | $80,445 | $16,576 | $63,869 | $110,716 | $1,469 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 4000301076. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 5-09 48th Avenue

5-09 48th Avenue, Long Island City, NY 11101

A building in the neighborhood, currently featuring 3 active listings.

- **Year Built**: 2007
- **Total Units**: 3
- **Floors**: 8

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5-M](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-5m-ny-11101) | 3 | 2 | 1,594 sqft | $1,291 | $2,058,000 (-6.4%) — In contract | Nest Seekers LLC | Jul 30, 2024 | 768 days |
| [2-C](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-2c-ny-11101) | 2 | 2 | 1,048 sqft | $1,393 | $1,460,000 | Modern Spaces | Apr 24, 2026 | 135 days |
| [7F](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11101/5-09-48th-avenue-f-7F-ny-11101) | 3 | 2 | 1,587 sqft | $1,575 | $2,500,000 (-5.7%) | Serene Powers Real Estate LLC | Apr 30, 2026 | 129 days |

## Estimated Monthly Payment

**$13,305 / month**, assuming a 20% down payment ($411,600), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $10,406
- **Property Taxes**: $1,048
- **Common Charges**: $1,851

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Long Island City

Overview of Long Island City

[Explore Long Island City](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Long Island City

- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Sunnyside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/sunnyside)
- [Astoria real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/astoria)
- [Greenpoint real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/greenpoint)
- [Woodside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/woodside)
- [Upper East Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side)

## Related Links

- [5-09 48th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/5-09-48th-avenue)
- [Long Island City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/long-island-city)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.